Cummins (CMI) Scheduled to Post Earnings on Tuesday
Cummins (NYSE:CMI) will be posting its Q114 quarterly earnings results on Tuesday, April 29th. Analysts expect Cummins to post earnings of $1.68 per share and revenue of $4.17 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Cummins (NYSE:CMI) last announced its earnings results on Thursday, February 6th. The company reported $2.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.98 by $0.34. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the company posted $2.00 earnings per share. Cummins’s revenue was up 6.9% compared to the same quarter last year. On average, analysts expect Cummins to post $8.82 EPS for the current fiscal year and $10.84 EPS for the next fiscal year.
Cummins (NYSE:CMI) opened at 147.18 on Monday. Cummins has a 52-week low of $103.41 and a 52-week high of $151.00. The stock’s 50-day moving average is $145.0 and its 200-day moving average is $137.2. The company has a market cap of $27.287 billion and a P/E ratio of 18.84.
A number of analysts have recently weighed in on CMI shares. Analysts at Robert W. Baird raised their price target on shares of Cummins from $139.00 to $144.00 in a research note on Tuesday, April 22nd. On the ratings front, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cummins in a research note on Thursday, April 10th. They now have a $140.00 price target on the stock, up previously from $128.00. Finally, analysts at Zacks upgraded shares of Cummins from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 3rd. They now have a $157.00 price target on the stock. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $151.20.
Cummins Inc is a diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration, exhaust aftertreatment, fuel systems, fuel systems, controls systems, air handling systems and electric power.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.